Can I retire at age 64 with 16,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,299,831
2 years$674,532$661,969$649,794$637,990$626,540$610,536
3 years$445,221$432,604$420,460$408,766$397,502$381,894
4 years$330,588$318,010$305,987$294,493$283,502$268,410
5 years$261,826$249,324$237,459$226,199$215,514$200,981
6 years$216,000$203,592$191,902$180,893$170,529$156,574
7 years$183,280$170,976$159,471$148,722$138,686$125,313
8 years$158,751$146,558$135,244$124,759$115,053$102,263
9 years$139,683$127,605$116,486$106,267$96,891$84,677
10 years$124,437$112,478$101,555$91,603$82,556$70,910
11 years$111,972$100,132$89,407$79,722$71,001$59,913
12 years$101,592$89,873$79,347$69,927$61,528$50,986
13 years$92,815$81,219$70,891$61,735$53,654$43,644
14 years$85,299$73,826$63,696$54,802$47,032$37,541
15 years$78,790$67,441$57,509$48,873$41,411$32,422
16 years$73,101$61,876$52,140$43,761$36,599$28,097
17 years$68,087$56,986$47,446$39,319$32,451$24,419
18 years$63,634$52,657$43,312$35,434$28,854$21,275
19 years$59,655$48,802$39,650$32,018$25,718$18,575
20 years$56,078$45,349$36,389$28,998$22,972$16,247
21 years$52,846$42,241$33,470$26,318$20,558$14,233
22 years$49,912$39,431$30,848$23,929$18,427$12,485
23 years$47,237$36,879$28,483$21,793$16,541$10,965
24 years$44,789$34,553$26,342$19,876$14,867$9,641
25 years$42,540$32,426$24,398$18,152$13,378$8,483
26 years$40,467$30,475$22,628$16,597$12,051$7,471
27 years$38,551$28,681$21,012$15,192$10,865$6,584
28 years$36,775$27,026$19,533$13,919$9,804$5,805
29 years$35,124$25,496$18,177$12,764$8,852$5,122
30 years$33,587$24,078$16,932$11,714$7,999$4,521
31 years$32,151$22,762$15,785$10,759$7,232$3,992
32 years$30,808$21,537$14,727$9,887$6,541$3,526
33 years$29,549$20,396$13,751$9,092$5,920$3,116
34 years$28,367$19,331$12,848$8,366$5,360$2,754
35 years$27,254$18,335$12,012$7,701$4,855$2,435
36 years$26,206$17,403$11,237$7,092$4,399$2,153
37 years$25,216$16,529$10,518$6,535$3,987$1,904
38 years$24,281$15,708$9,849$6,023$3,614$1,684
39 years$23,397$14,937$9,228$5,554$3,277$1,490
40 years$22,558$14,211$8,649$5,123$2,973$1,319
41 years$21,763$13,528$8,110$4,726$2,697$1,167
42 years$21,007$12,883$7,608$4,362$2,447$1,033
43 years$20,288$12,275$7,139$4,026$2,221$914
44 years$19,604$11,701$6,701$3,718$2,016$809
45 years$18,953$11,158$6,292$3,433$1,830$716
46 years$18,331$10,644$5,910$3,171$1,662$634
47 years$17,738$10,158$5,552$2,930$1,509$561
48 years$17,171$9,697$5,217$2,707$1,370$497
49 years$16,629$9,260$4,904$2,502$1,245$440
50 years$16,110$8,846$4,610$2,313$1,130$390

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,500,000, adding $5,253 every year, while hoping to spend $25,931 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/13/24 Blend
63$16,500,000$16,500,000$16,500,000$16,500,000
64$18,188,418$17,313,918$17,058,168$19,219,272
65$20,016,047$18,134,710$17,602,027$20,737,548
66$22,029,224$18,994,851$18,163,235$22,391,785
67$24,246,849$19,896,243$18,742,348$24,198,029
68$26,689,747$20,840,878$19,339,936$26,171,154
69$29,380,867$21,830,847$19,956,589$28,327,523
70$32,345,497$22,868,340$20,592,916$30,685,142
71$35,611,504$23,955,655$21,249,546$33,263,827
72$39,209,597$25,095,202$21,927,125$36,085,389
73$43,173,616$26,289,507$22,626,324$39,173,830
74$47,540,851$27,541,220$23,347,832$42,555,573
75$52,352,395$28,853,117$24,092,362$46,259,703
76$57,653,532$30,228,111$24,860,648$50,318,237
77$63,494,162$31,669,259$25,653,450$54,766,424
78$69,929,275$33,179,761$26,471,549$59,643,074
79$77,019,469$34,762,977$27,315,754$64,990,914
80$84,831,522$36,422,430$28,186,898$70,856,993
81$93,439,019$38,161,811$29,085,842$77,293,117
82$102,923,054$39,984,995$30,013,472$84,356,333
83$113,372,989$41,896,043$30,970,706$92,109,462
84$124,887,297$43,899,212$31,958,489$100,621,687
85$137,574,498$45,998,971$32,977,795$109,969,199
86$151,554,178$48,200,001$34,029,632$120,235,911
87$166,958,119$50,507,216$35,115,039$131,514,241
88$183,931,541$52,925,764$36,235,087$143,905,979
89$202,634,479$55,461,047$37,390,884$157,523,241
90$223,243,288$58,118,730$38,583,570$172,489,518
91$245,952,308$60,904,752$39,814,324$188,940,836
92$270,975,701$63,825,343$41,084,362$207,027,032
93$298,549,472$66,887,034$42,394,938$226,913,154
94$328,933,697$70,096,678$43,747,347$248,781,020
95$362,414,977$73,461,458$45,142,925$272,830,915
96$399,309,143$76,988,908$46,583,052$299,283,480
97$439,964,241$80,686,930$48,069,150$328,381,779
98$484,763,815$84,563,811$49,602,688$360,393,584
99$534,130,527$88,628,240$51,185,180$395,613,895
100$588,530,148$92,889,331$52,818,191$434,367,710